Question

The Federal Board of Governors has_________ members.

		17
		7
		5
		12

The Federal Open Market Committee (FOMC) is composed of

		the Board of Governors, the Vice-President of the United States, and the Secretary of Treasury for the United States.
		representatives from the governors of all 50 states.
		the 12 Presidents of the Federal Reserve regional banks.
		presidents of 5 Federal Reserve regional banks and the seven Board of Governors.

Which method of shutting down a bank has the greatest moral hazard?

		purchase and assumption
		payoff method
		both A and B have equal moral hazard
		neither A or B have any moral hazard.

To increase the money supply, the FED can:

		sell bonds.
		purchase bonds.
		raise the discount rate.
		raise the reserve requirement.